Payoff & Title Release
Dealerships depend on trade-ins to supply used inventory, but payoff surprises and slow lien and title release can delay inventory turn and reduce profit potential as holding costs add up. A payoff and title release solution helps add confidence and speed to the entire process.
We know your challenges
used vehicles sold by new-car dealerships are trade-ins.*
Trade-in turn
Maintaining used inventory levels requires constant, time-consuming calls for payoffs and lien and title release. But a digital solution helps make that workflow fast and efficient.
average time it takes for payoff and title release.*
Lien and title delays
Waiting for lien and title release means waiting to re-sell each vehicle. With a digital solution, lien and title release takes days instead of weeks.
average holding costs.*
Holding costs
While you wait for lien and title release, overhead costs add up. A faster process can help preserve profitability on every trade.
average title/check shipping costs per payoff*
Manual processes
The costs of cutting checks and shipping paper documents can really add up. A digital payoff and title release solution handles it all securely online with just a few clicks.
Find out how much your dealership could save
Plug in your dealership’s numbers to see out how much you could save with faster payoff and title release.
How Dealertrack Accelerated Title® works
- Quickly move your customers through the trade-in process
- Avoid the challenges, costs, and delays that come with trade-ins
- 120+ lenders in a rapidly growing lender network facilitate fast lien and title release
- Quickly move your customers through the trade-in process
- Avoid the challenges, costs, delays that come with trade-ins
- 100+ lenders in a rapidly growing lender network facilitate fast lien and title release
How Dealertrack Accelerated Title® works
Payoff and Title Release
Payoff quotes
- Calculate reliable payoff amounts specific to lender and date
- View full title details to avoid payoff surprises
- Get 24/7 tracking and reporting from your desktop
Accelerated Title
- Speed lien and title release from weeks to days
- Reduce holding costs with faster trade-in turn
- Recognize fuller profit opportunity via retail or wholesale
The Accelerated Title Difference
Leaving your manual process behind and switching to a digital lien and title solution adds speed, reliability, and profit opportunity to your trades.
Digital Process (Accelerated Title)
Manual Process
(Traditional)
Securing Deals
Preview Title Details
Receive Clean Titles
Back Office Efficiency
Obtain Payoff Amounts
Electronic Payment Submission
Real-time Status Reporting
Speed of Inventory Turn
Auction Ready
*2018 (1.6X) Manheim Articles “Impact of Delayed Titles at Auction”
Maximize Cash Flow
Liechty Automotive Group
The faster you get the titles, the faster you can resell the cars and turn inventory and that’s what it’s all about right now.
Jonathan Bowling
Variable Operations Director
Success with Dealertrack Solutions
When our guys don’t see the details of a title right away for whatever reason, they don’t take it. The last thing they want is a vehicle that we cannot clear title and we're stuck because we took it in trade. Accelerated Title gives us all the information to make a proper decision. It’s a win.
Delano, CA
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Get Started with Dealertrack Trade-in Titling
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Take a Guided Demo
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Connect with your titling specialist
Set up time for a live demo of Dealertrack Accelerated Title® with your trade-in titling specialist.
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